TradingKey – On July 9, Eastern Time, the three major US stock indexes closed higher collectively, with technology and semiconductor sectors serving as the main drivers. As oil prices fell back from the highs of the previous session, market concerns that the escalation of the US-Iran conflict would drive up inflation eased, and funds flowed back into the main AI and chip themes.

As of the close, the Dow Jones Industrial Average rose 0.27% to 52,492.26 points; the S&P 500 Index rose 0.81% to 7,543.64 points; and the Nasdaq Composite Index rose 1.30% to 26,206.89 points.

In terms of individual stocks and sectors, the semiconductor sector performed the strongest. The Philadelphia Semiconductor Index rose 3.06%, climbing for the second…